Olefins are some of the most important building blocks or raw materials
for several key chemical products and intermediates. Olefins are mainly
produced by cracking of crude oil, naphtha or natural gas. Olefins are
used to manufacture several key plastics, polymers and resins such as
Polyethylene, Polypropylene. Examples of olefins include, ethylene,
propylene and butadiene.

Asia-Pacific was the largest region in the olefins market in 2017,
accounting for 39.3% share in the market. This was due to growth in
olefin cracking plants in China, India and Southeast Asian nations.

North America was the second largest region in the olefins market in
2017, accounting for 20.7% share in the market. This can be attributed
to a presence of large number of steam cracking plants in the region.
Continuous efforts to improve plant efficiency resulted in higher output
than before, was also a contributing factor. Also, with the advent of
shale gas extraction in large quantities, thus making the feedstock for
cracking plants cheaper. Middle East was the smallest region in the
olefins market in 2017, accounting for 4.0% share in the market.

Rising Adoption Of RDR (Roto Dynamic Reactor) Technology

Companies have started using Roto Dynamic Reactor Technology due to its
energy efficiency. This is an innovative olefin cracking technology
invented in 2017 and improves the olefin production with lesser energy
consumption. This hydrocarbon cracking method based technology, saves
non-renewable resources and reduces impurity generation from ethylene
cracking.

This technology is developed and patented by Coolbrook Oy in
collaboration with Neste Jacobs, University of Cambridge's Whittle
laboratory, University of Oxford's Osney Thermo Fluids laboratory,
MANTurbo and Dow Chemicals.

Scope

Markets Covered: Ethylene; Propylene; Butylene;
Butadiene

Geographic Scope: Asia Pacific, North America,
Western Europe, Eastern Europe, South America, Middle East and Africa.